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Industry News | Time:May 17 2018 12:54PM
State cotton reserves sales for May 16, 2018
 
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On May 16, CNCRC planned to auction 30,014.224 tons of cotton while the actual trading volume was 25,652.405 tons, including 17,302.169 tons of upcountry cotton and 8,350.236 tons of Xinjiang cotton. Target was 85.47% fulfilled. The trading prices were averaged at 14,493yuan/mt (up 50yuan/mt from the prior day) and calculated 3128 cotton prices scored at 15,703yuan/mt (up 17yuan/mt from the prior day).

By May 16, CNCRC plans to sell 1.38 million tons in total, and the actual traded volumes are 770kt, with trading proportion of 56%. Highest trading price scores at 16,310yuan/mt and the lowest price at 12,700yuan/mt.

Details:
Upcountry cotton was traded 17,302.169 tons, with trading proportion of 80%, average trading price at 14,186yuan/mt, highest price at 15,730yuan/mt and lowest price at 13,320yuan/mt;

Xinjiang cotton was traded 8,350.236 tons, with trading proportion of 100%, average trading price at 15,127yuan/mt, highest price at 16,140yuan/mt and lowest price at 14,510yuan/mt;

Weekly trading volumes and prices
Date Planned volumes Traded volumes Traded ratio Average price Calculated 3128 price
2018-5-14 30003.803 18223.989 60.74% 14450 15701
2018-5-15 30000.795 18790.78 62.63% 14443 15686
2018-5-16 30014.224 25652.405 85.47% 14493 15703
Total 90018.822 62667.174 69.62%    

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